XML 31 R9.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities      
Consolidated net income $ 19,730 $ 19,956 $ 56,319
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 23,822 21,611 18,603
Net loss on asset impairment 469 0 0
Stock-based compensation 7,311 6,742 8,010
Deferred income taxes (2,145) (1,472) (1,171)
Net (gain) loss on sale of land, property and equipment (15) (153) 71
Other 1,094 1,123 1,160
Changes in operating assets and liabilities:      
Inventories (12,736) 10,537 24,377
Customer deposits (5,229) 4,896 (12,132)
Other assets and liabilities 12,254 7,051 8,643
Accounts payable and accrued liabilities 8,089 (11,382) (6,677)
Net cash provided by operating activities 52,644 58,909 97,203
Cash Flows from Investing Activities      
Capital expenditures (19,672) (32,092) (53,115)
Proceeds from sale of property and equipment 111 461 53
Net cash used in investing activities (19,561) (31,631) (53,062)
Cash Flows from Financing Activities      
Dividends paid (20,837) (20,468) (35,240)
Common stock repurchased (4,778) (4,991) (6,895)
Taxes on vested restricted shares (1,910) (3,282) (4,159)
Net cash used in financing activities (27,525) (28,741) (46,294)
cash equivalents 5,558 (1,463) (2,153)
beginning of year 126,314 127,777 129,930
end of year 131,872 126,314 127,777
Supplemental Disclosures      
Cash paid during the period for federal income taxes, net of refunds 5,500 2,800 20,400
Cash paid during the period for state income taxes, net of refunds 1,452 602 2,686
Cash paid for interest $ 162 $ 163 $ 162